The BMW 3 Series GT is one of the Bavarian brand’s most controversial designs of the last decade. Proposed as a car that offered the dynamic benefits of an executive sedan with some added space, the GT’s demise is part of a major cost-cutting initiative rather than a response low-demand, BMW affirms.

According to Autocar, BMW chairman Harold Krüger has confirmed that a successor is not on the cards in an interim financial report. This decision forms part of a number of measures that hopes to save the brand €12 billion in costs. Other cost-cutting measures include halving the current drivetrain variants by 2021 and shift to two new flexible platforms in order to reduce complexities in vehicles and shortening the development process by a third.